Brokers News

Storm of FX Innovations at Alpari: New Platform, Nano Account, CFDs

Alpari, the global FX broker, today took over the Forex world by a storm with the revelation of a series of innovations to its service line-up, including a new trading platform, a raft of new trading instruments and even a new account.

For starters, the broker is launching a new account: the nano.mt4, which is basically a cent account that allows you to trade on the Metatrader 4 platform with deposits denominated in cents. For example, if you pump $10 into your nano account, your balance will be 1,000 currency units. Such accounts are very useful for unexperienced traders who'd like to get accustomed to the real world of FX trading but keep their risk exposure limited. The leverage for this accounts is floating, being the highest (1:500) when the balance is the smallest (up to $100).

Those traders that are fond of more complicated instruments will be happy to understand that the broker is making available trading with contracts for difference (CFDs) on commodities, indexes, ETFs (Exchange-Traded Funds) and NASDAQ-listed stocks, as well as stocks listed on the New York Stock Exchange. This opportunity will be for owners of standard.mt4 accounts, who will be able to earn money from this complex derivative products.

And in case you're not tired of innovations yet, here is the most interesting one: Alpari will allow its clients to trade binary options on a brand new platform – OptionTrader, for binary option trading. Let me remind you that Russia, a key market for Alpari, has emerged as a hotspot for binary option, so it's normal that the broker is taking advantage of this trend.

The new platform is on thanks to the collaboration of the FX broker and Binary Products Limited. OptionTrader offers traders to open accounts denominated in USD and EUR and to trade with a number of binary options, with expiration times between 3 minutes and an hour. The range of binary option types include High / Low Options, OneTouch Options, Range High / Low Options and Quick Options. The company is obviously targeting a wider clientele, as binary options allow even the newbies to financial trading to profit from guessing how the price of an asset will move.

If you're still unimpressed, let me tell you what attracted me the most to OptionTrader – it's web-based: no nasty download procedures. Yes!

Such a series of innovations matches well the excellent performance of the FX broker: only in July, the group of companies under the Alpari brand recorded total FX trading volumes of $270 billion. Apparently, the broker is aiming higher.

About Alpari

Founded in 1998, the international Alpari brand is one of the leading names in online Forex trading and was recently listed as the world's third largest broker in a 2012 report from online financial portal Forex Magnates, with an average monthly trading volume of more than 200 billion US dollars.

Alpari has earned the trust of hundreds of thousands of clients in more than 150 countries across the world, thanks in large part to its reputation for delivering high-quality products and top-notch customer support. The Alpari brand is represented in many of the world's leading centers of commerce, with offices in New York, London, Tokyo, Dubai, Frankfurt and Moscow.

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